Vermont Statutes
Chapter 12 - Vermont Economic Development Authority
§ 218. Construction

§ 218. Construction
(a) The powers conferred by this chapter are supplemental and alternative to other powers conferred by law.
(b) No notice, proceedings, or approval, including licensure under 8 V.S.A. chapter 73, shall be required with respect to any action taken under this chapter, except as provided in this chapter.
(c) Purchases and contracts required for the establishment or expansion of an eligible facility may be made or let without regard to any provision of law relating to public purchases or contracts.
(d) This chapter shall be liberally construed in order to effect its purposes.
(e) The provisions of this chapter are severable, and the invalidity of any provision or provisions of this chapter shall not affect the validity of any other provision or provisions of this chapter. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1987, No. 203 (Adj. Sess.), § 17, eff. May 27, 1988; 1993, No. 89, § 3(b), eff. June 15, 1993.)

Structure Vermont Statutes

Vermont Statutes

Title 10 - Conservation and Development

Chapter 12 - Vermont Economic Development Authority

§ 210. Statutory purposes

§ 211. Legislative findings

§ 212. Definitions

§ 213. Authority; organization

§ 214. Members; disqualification

§ 215. Manager; duties

§ 216. Authority; general powers

§ 217. Records; annual report; audit

§ 217a. Application

§ 218. Construction

§ 219. Reserve funds

§ 220. Transfer from Indemnification Fund

§ 231. Assistance to local development corporations

§ 232. Issuance of loans for speculative buildings and small business incubator facilities

§ 233. Depressed areas

§ 234. The Vermont Jobs Fund

§ 236. Taxes

§ 237. Issuing of loans for industrial park planning and development projects

§ 241. Powers of municipalities

§ 242. Financing documents

§ 243. Security documents

§ 244. Bonds

§ 245. Municipal proceedings

§ 246. Approval of Authority

§ 247. Obligations of the municipality

§ 248. Trustees and trust funds

§ 249. Remedies

§ 250. Bonds exempt from taxation

§ 251. Taxation of eligible facilities

§ 252. Bonds eligible for investment

§ 253. State projects

§ 254. State bonds

§ 261. Additional powers

§ 262. Findings

§ 263. Mortgage loan; limitations

§ 264. Accelerated repayment provisions

§ 279c. Vermont Export Finance Program

§ 280. Public financing policy

§ 280a. Eligible projects; authorized financing programs

§ 280b. The Vermont sustainable jobs strategy

§ 280d. Definitions

§ 280e. State Infrastructure Bank Program

§ 280f. Applicability of general provisions

§ 280g. State Infrastructure Bank Program; duties; powers

§ 280h. Receipt and administration of Program funds

§ 280i. Disbursement and use of funds

§ 280j. Powers and duties of the Secretary

§ 280k. Powers and duties of the Program

§ 280l. Applications for financial assistance

§ 280m. Loan and lease terms

§ 280n. Program Fund; accounts

§ 280o. Issuance of revenue bonds

§ 280p. Additional security agreements, insurance, and credit enhancements

§ 280q. Loans to qualified borrowers to finance qualified projects

§ 280r. Powers and privileges of government units

§ 280s. Borrower obligations

§ 280t. Security agreements securing borrower obligations; pledges of general revenues or project revenues

§ 280u. Guarantees; other credit enhancement

§ 280v. Termination of the Program; remaining assets and liabilities

§ 280w. Records of receipts, expenditures, and disbursements

§ 280x. Obligations; credit of the State not pledged

§ 280y. Public records

§ 280aa. Findings and purpose

§ 280bb. Vermont Entrepreneurial Lending Program

§ 280cc. Creation; purpose; definitions

§ 280dd. Loan programs administered within the Fund

§ 280ee. Broadband Expansion Loan Program

§ 280ff. Funding